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. The most significant conclusion is that efficiency and fairness concerns do not conflict but rather mutually support each … economic reasoning and those favoring deontological concerns that a trade-off between fairness and efficiency is inevitable …. This article demonstrates how the coalescence of the two frameworks, the cultivation of fairness with law and economics …
Persistent link: https://www.econbiz.de/10014203907
time and hence, from a practical standpoint, can be used in markets where fairness considerations are important …
Persistent link: https://www.econbiz.de/10012936768
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, and references therein), fairness can be restored if a sufficiently large amount of money is available for distribution …/compensation as well. Interpreting the agents as the objects to be allocated, one might try to restore fairness for marriage markets …
Persistent link: https://www.econbiz.de/10014214115
The paper develops an equilibrium search and matching model where two-person families as well as singles participate in the labor market. We show that equilibrium entails wage dispersion among equally productive risk-averse workers. Marital status as well as spousal labor market status matter...
Persistent link: https://www.econbiz.de/10003934491
The paper develops an equilibrium search and matching model where two-person families as well as singles participate in the labor market. We show that equilibrium entails wage dispersion among equally productive risk-averse workers. Marital status as well as spousal labor market status matter...
Persistent link: https://www.econbiz.de/10003935195
The paper develops an equilibrium search and matching model where two-person families as well as singles participate in the labor market. We show that equilibrium entails wage dispersion among equally productive risk-averse workers. Marital status as well as spousal labor market status matter...
Persistent link: https://www.econbiz.de/10003921136
Using a sample of professional baseball players from 1871-2007, this paper aims at analyzing a longstanding empirical observation that married men earn significantly more than their single counterparts holding all else equal (the "marriage premium"). Baseball is a unique case study because it...
Persistent link: https://www.econbiz.de/10009306323
After almost a century-long pattern of rising marital instability, divorce rates leveled off in 1980 and have been declining ever since. The timing of deceleration and decline in the rates of marital disruption interestingly coincides with a period of substantial growth in wage inequality. This...
Persistent link: https://www.econbiz.de/10009729952